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Revenue Anticipation Note

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Revenue Anticipation Note (RAN)
A short-term municipal debt issue that will be repaid with anticipated revenues, such as sales taxes, from the project.
revenue anticipation note (RAN)
A short-term municipal obligation with repayment to be made from a revenue source other than taxes.
Revenue Anticipation Note
A municipal bond, with a maturity of one year or less, that is repaid to bondholders with expected revenues from the project the RAN intends to finance. For example, a city may issue an RAN to finance improvements to the local museum. It expects to be able to pay back the bond with money raised on increased ticket sales at the museum after improvements are completed.


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